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Trident Capital and Mustang Ventures Lead Series A Investment in Profex, Inc.
Date:8/28/2008

Leading dermatology company serves growing professional and consumer markets in China.

Palo Alto, CA (PRWEB) August 28, 2008 -- Trident Capital, an international venture capital firm, today announced that together with Mustang Ventures, its investment partner in China, is leading a Series A round of financing for Profex.Inc. Trident Capital & Mustang Ventures jointly invested $15.5 million in the round. Profex, a leading Dermatology company in China, licenses, acquires, and markets an international portfolio of proprietary products in the professional and consumer channels in China. Its products include best-in-class prescription and over-the-counter medicines, aesthetic products and cosmeceuticals.

"The estimated $1.3 billion market for dermatology related products in China is growing at 20% annually -- disproportionately faster than the overall market," said Don Dixon, Trident's co-founder and managing director. "Profex is in a position to lead the market with its experienced management, well-established major contracts and wide distribution."

Profex, Inc. is headquartered in Shanghai, China. The Company has two main divisions, serving the professional and consumer markets. The professional division markets products to dermatologists in the hospital and clinic environment in China. The comprehensive and growing Profex product portfolio includes pharmaceuticals from leading dermatology companies worldwide, including Galderma, GlaxoSmithKline, Bristol-Myers Squibb and most recently, from Novartis through an exclusive commercial agreement. The consumer division sells and markets much of the same product portfolio, as well as leading cosmeceuticals to the direct-to-consumer channel with a concentration on retail pharmacies. Profex employs over 230 employees in China today. The investment from Trident Capital and Mustang Ventures will be used to gro
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Trident Capital and Mustang Ventures Lead Series A Investment in Profex, Inc.
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